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Solvay Composite Materials (Brussels) and Strata (Dubai) have formalized their Joint Venture (JV) to supply Boeing with advanced composite materials from a high-tech facility to be built in Al Ain. Following the signature of the JV agreement, the parties will seek anti-trust approvals.

The equal ownership joint venture will be the UAE’s first supplier of pre-impregnated carbon fibers.

The partnership marks Solvay’s entry into advanced materials manufacturing in the UAE, and Mubadala’s entry into advanced materials manufacturing for the aerospace industry through its wholly owned business, Strata Manufacturing.

“Over the last ten years, Mubadala has helped to create an advanced and sustainable aerospace industry in line with Abu Dhabi’s economic diversification vision,” said Khaled Abdulla Al Qubaisi, CEO Aerospace, Renewables and ICT, Mubadala. “This agreement with Solvay fits perfectly with our growth strategy, focusing as it does on high-tech manufacturing capabilities, and demonstrates our commitment to providing competitive offerings to the world’s leading OEMs.”